Means Test Eases April 1, 2016

 

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On April 1, 2016, the income numbers used to calculate the bankruptcy means test will increase modestly in Kansas. Filing bankruptcy will be a little easier for debtors in all Kansas household sizes.

Here are the new numbers:

KANSAS 1 earned

$45,707

2 people

$60,634

3 people

$67,429

4 people

$80,735

Add $8,400 for each person in excess of 4.

Don’t fret if you make more money than these guidelines. You may still pass the means test. The consumer bankruptcy law specialists at Neis & Michaux, will figure this out and discuss your options with you.

Check out the Census Bureau Median Family Income By Family Size for all states and U.S. territories.

 

Photo Credit: Dean Hochman

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney. She can be found on Google+. She and her partner, Mark Neis, are Topeka's only board certified consumer bankruptcy law specialists.

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